(PharmaNewsWire.Com, February 19, 2019 ) Global Digital Therapeutics market and the factors driving the market along with those that act as restraints to its growth. The global Digital Therapeutics market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years. Various technological advancements made by the players operating in the market is one of the major factor expected to propel the demand of Digital Therapeutics market. However, stringent regulatory framework in the market is expected to hinder the market growth.
Digital therapeutics provide evidence-based therapeutic intrusions to patients that focusses on the treatment of diseases with the programs, management using the high quality software. Digital therapeutics have made progress in the last few years, harnessing technology for the supplement or potentially replace traditional clinical therapy. They are used independently or in concert with devices, medications, or other therapies for the optimization of patient care and health outcomes. The report would be of an interest to various stakeholders operating in the digital therapeutics. These stakeholders include healthcare institutes, medical therapeutics manufactures and suppliers, academic & research institutes, digital machine manufacturers and vendors, distributors and others.
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
The global digital therapeutics market is segmented into application, distribution channel, and geography. The digital therapeutics market is segmented into diabetes, cardiovascular disease, central nervous system disease, respiratory diseases, smoking cessation, musculoskeletal disease and others, by application. Based on the distribution channel, the market is classified as patients, providers, payers, and employers.
The List of Companies
1. Propeller Health 2. CANARY HEALTH 3. Noom, Inc. 4. 2Morrow Inc. 5. Livongo Health 6. Proteus Digital Health 7. WellDoc, Inc. 8. Fitbit, Inc. 9. Omada Health, Inc. 10. MANGO HEALTH
The objective of the study is to describe, define, and forecast the digital therapeutics market by application, distribution channel, and region. The report also provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall Digital Therapeutics market.
The report analyzes factors affecting market from both demand and supply side and further evaluates digital therapeutics market dynamics effecting the digital therapeutics market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key manufacturing companies along with their SWOT analysis and market strategies.
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